Banking And Finance
5 steps to trace deceased investor assets using Consolidated Account Statement
When an investor passes away, one of the biggest challenges for family members is coping with the emotional impact. Another challenge is to identify all investments held in the deceased’s…
Spent over ₹2 lakh on foreign travel? You may have to file ITR even with no taxable income
Summer holidays are in full swing, and many Indians are heading abroad for vacations, family trips, and luxury getaways. But while you may be busy planning flights, hotels, and shopping,…
What is DTAA? How Indian taxpayers can avoid paying tax twice on foreign income
With increasing cross-border employment, foreign investment, and global freelance income, Indian taxpayers often face situations where the same income is taxable in two countries. India addresses this through the (DTAA)…
Got your Form 16? Here’s why Form 130 won’t affect your ITR filing this year
For millions of salaried employees, It arrives from the employer every year and becomes the starting point for filing an income tax return (ITR). So, when reports about a new…
Market
Hindustan Zinc shares drop 5% amid slump in global silver prices
Shares of , a Vedanta Group company, dropped 5% in Tuesday’s trade, June 23, falling to an intraday low of ₹544 apiece, as a sharp decline in global silver prices…
FIIs remain net sellers in Indian stock market for 12 months in a row. Can the trend change?
After remaining net sellers for twelve consecutive months, foreign institutional investors (FIIs) are ramping up purchases in Indian equities. In the last five trading sessions, have invested nearly $899 million…
Is AI euphoria an overlooked risk for markets beyond geopolitical shocks?
AI stocks have been hogging the limelight for over a year now. Some artificial intelligence (AI) exchange-traded funds (ETFs) have surged over 100% over the last year, while stocks such…
IT selloff drags Nifty below 24,000; pharma stocks buck the trend
turned sharply lower by midday on Tuesday, with the Nifty 50 slipping below the crucial 24,000 mark after early consolidation gave way to heavy selling in information technology and metals.…
Market
Jio Platforms IPO: RIL to not levy royalty for ‘Jio’ brand
Reliance Industries Ltd (RIL) will not charge any royalty to IPO-bound Jio Platforms Ltd for using the ‘Jio’ brand, departing from the common practice of promoters charging brand usage fees…
Personal guarantors find fewer escape routes under corporate insolvency
The noose is tightening around personal guarantors under India’s bankruptcy regime. Recent tribunal rulings and new disclosure requirements signal that promoters and directors who back corporate loans with their personal…
Gujarat regulator holds right-of-way obstruction can qualify as force majeure
In an important ruling, the Gujarat Electricity Regulatory Commission (GERC) has held that project delays arising from right-of-way (RoW) issues can, in certain circumstances, qualify as force majeure — events…
Two dead in a blaze at Dakshin Energy’s plant in Pharma City, Visakhapatnam
A fire accident at Dakshin Energy factory in Pharma City, Parawada, Visakhapatnam, left two dead and two injured. According to police, the fire broke out in the wee hours of…
Axis
